Team Levine - Courtier Hypothécaire Montreal - Montréal

Team Levine was founded in order to help people with their mortgage needs.With access to all banking products, and even discounts off their rates - Team Levine has the solution for you! Phone: 514-876-8916 Website: http://teamlevine.ca/

Business Operation Hours

Monday

9:00 AM to 6:00 PM

Tuesday

9:00 AM to 6:00 PM

Wednesday

9:00 AM to 6:00 PM

Thursday

9:00 AM to 6:00 PM

Friday

9:00 AM to 6:00 PM

Saturday

Closed

Sunday

Closed

Additional Information

Similar to a variable rate in which the cost of this product is linked to the prime lending rate. So keep an eye on the prime rate, as your interest rate will fluctuate along with it.
A HELOC is a versatile product as it permits you to tap into your equity at will. You can withdraw up to your limit, and you can pay it back in full without having to worry about pre-payment limits that are typically seen on conventional mortgages.
Due to its flexibility and convenience, rates on a HELOC are typically higher than those of a conventional mortgage. Having said that, if you bring your balance to $0, then just like a credit card - you have no payments to make.
If you are a contractor or self-employed, this product would be helpful! If you are someone thinking of purchasing a property, or looking at renovating your property, or making some sort of purchase in the medium to long term than this product is also for you! Set it up, so that it's there waiting for you when you need it. Once setup, there are no payments to be made until you use it!

Product and Services

Thinking of renovating your property? Maybe you're thinking of buying a new property or even a property in the U.S. You might simply be thinking of paying off some debts or even taking out money for investments. The list can go on! If you have a property, in which you have at least 20% equity, then guess what? We can help you! Contact us today with your plans, and we'll offer you solutions.
Are you approaching the end of your term? If so, it's time to renew your mortgage. Is your your bank not offering you the best rate for your renewal? Are you unhappy with their service and/or products? Whatever the reason, contact us 120 days before your maturity date and we'll match you with the best rate and product from the start. We'll even pay your notary and evaluation fees! This means that your renewal is free of charge. All it takes is a 5 minute phone call, and we'll have a proposition that could save you thousands of dollars!
Do you currently own a property and are looking to upsize? Once you have found the new property of your dreams, you may have to sell your existing home in order to purchase the new one. If this is the case, when you put down an offer on your new property, you would make it conditional to the sale of your existing home.
Great news, your offer to purchase your new home gets accepted! If you don't already have your current property for sale on the market, then time to do so! Bridge financing comes in to play if the purchase date of your new home is before the sale date of your existing property. The bank bridges this gap, by lending you the complete amount of the purchase price knowing that when your property sells you'll be able to reimburse the bridge loan.
Banks will only offer bridge financing for a couple of months at best, and will want to know that you have a firm unconditional offer on your current home before accepting to bridge your loan.